Prevailing Wage for Loan Interviewers and Clerks
The DOL prevailing wage for Loan Interviewers and Clerks (SOC 43-4131) sets the minimum salary a U.S. employer must offer when sponsoring a Closer, Loan Analyst, or Licensed Loan Officer Assistant on an H-1B, E-3, or PERM green card petition. DOL publishes four experience levels, and the floor shifts considerably depending on the worksite city.
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Level 1 covers entry-level Loan Clerks and Closers with limited experience, typically performing routine tasks under close supervision. Candidates new to U.S. loan processing workflows or recent graduates in finance-related fields are most commonly placed here.
Level 2 applies to qualified professionals with moderate experience handling standard loan files with some independence. This is the most common filing level for Loan Interviewers and Clerks, reflecting the mid-career candidates most sponsors seek.
Level 3 fits experienced Loan Analysts or Loan Closers who manage complex transactions, exercise judgment on non-routine files, and may informally mentor junior staff. Candidates with several years of specialized lending experience typically fall here.
Level 4 applies to fully competent professionals in senior or lead roles, such as a senior Loan Closer overseeing compliance across a pipeline or a Licensed Loan Officer Assistant with broad authority and minimal supervision.
Prevailing Wage for Loan Interviewers and Clerks by OES area
Each shape is a DOL OES area, the unit prevailing wage is published for.
What’s an OES area?
The Department of Labor publishes prevailing wages for geographic zones called OES areas. Every U.S. county belongs to exactly one, and the wage floor applies across the whole area. A worker in Oakland gets the San Francisco metro wage, not a separate Oakland wage.
Top 10 cities · Level 1
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Verify your worksite city before accepting
Prevailing wages for Loan Interviewers and Clerks swing sharply by metro. San Jose and San Francisco floors run nearly double the rates in Puerto Rico markets. The LCA must list your actual worksite, so remote-to-office changes can require a new filing.
Watch how signing bonuses are counted
DOL requires the prevailing wage be met through regular wages, not one-time payments. Loan Closer roles that front-load compensation with a signing bonus while setting a low base salary may not clear the floor even if total first-year pay appears sufficient.
Check which SOC code the employer files under
Employers sometimes classify Loan Interviewers and Clerks under adjacent codes like Loan Officers (SOC 13-2072), which carry a different prevailing wage floor. Confirm the LCA lists SOC 43-4131 to ensure the wage determination actually applies to your role.
Find sponsors with a track record on Migrate Mate
Migrate Mate shows historical sponsorship counts by employer, so you can see which banks, mortgage companies, and credit unions have actually filed for Loan Analyst or Loan Closer roles before, rather than relying on job descriptions that may not reflect real sponsorship activity.
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Find Jobs for Loan Interviewers and ClerksPrevailing Wage by Reported Job Title
DOL classifies these titles under SOC 43-4131.00 alongside Loan Interviewers and Clerks, so the same four-tier wage schedule applies to each. Tap a title to see the full breakdown.
Closer Prevailing Wage
Closer Prevailing Wage
Closer positions fall under SOC 43-4131.00 (Loan Interviewers and Clerks). DOL OFLC publishes one four-tier prevailing wage schedule for the entire classification; employers filing H-1B, E-3, or PERM petitions for this title use the levels below.
Licensed Loan Officer Assistant Prevailing Wage
Licensed Loan Officer Assistant Prevailing Wage
When a U.S. employer sponsors a Licensed Loan Officer Assistant for a work visa or green card, DOL applies the prevailing wage schedule for SOC 43-4131.00 (Loan Interviewers and Clerks). Wage level reflects the role's experience and responsibility, not the title itself.
Loan Analyst Prevailing Wage
Loan Analyst Prevailing Wage
Loan Analyst is an O*NET-reported job title within SOC 43-4131.00 (Loan Interviewers and Clerks). All roles in this SOC share the same prevailing wage tiers. The level an employer files at depends on what the role requires, not which title is used.
Loan Clerk Prevailing Wage
Loan Clerk Prevailing Wage
Loan Clerk positions fall under SOC 43-4131.00 (Loan Interviewers and Clerks). DOL OFLC publishes one four-tier prevailing wage schedule for the entire classification; employers filing H-1B, E-3, or PERM petitions for this title use the levels below.
Loan Closer Prevailing Wage
Loan Closer Prevailing Wage
When a U.S. employer sponsors a Loan Closer for a work visa or green card, DOL applies the prevailing wage schedule for SOC 43-4131.00 (Loan Interviewers and Clerks). Wage level reflects the role's experience and responsibility, not the title itself.
Loan Originator Prevailing Wage
Loan Originator Prevailing Wage
Loan Originator is an O*NET-reported job title within SOC 43-4131.00 (Loan Interviewers and Clerks). All roles in this SOC share the same prevailing wage tiers. The level an employer files at depends on what the role requires, not which title is used.
Loan Processor Prevailing Wage
Loan Processor Prevailing Wage
Loan Processor positions fall under SOC 43-4131.00 (Loan Interviewers and Clerks). DOL OFLC publishes one four-tier prevailing wage schedule for the entire classification; employers filing H-1B, E-3, or PERM petitions for this title use the levels below.
Mortgage Broker Prevailing Wage
Mortgage Broker Prevailing Wage
When a U.S. employer sponsors a Mortgage Broker for a work visa or green card, DOL applies the prevailing wage schedule for SOC 43-4131.00 (Loan Interviewers and Clerks). Wage level reflects the role's experience and responsibility, not the title itself.
Mortgage Loan Processor Prevailing Wage
Mortgage Loan Processor Prevailing Wage
Mortgage Loan Processor is an O*NET-reported job title within SOC 43-4131.00 (Loan Interviewers and Clerks). All roles in this SOC share the same prevailing wage tiers. The level an employer files at depends on what the role requires, not which title is used.
Mortgage Processor Prevailing Wage
Mortgage Processor Prevailing Wage
Mortgage Processor positions fall under SOC 43-4131.00 (Loan Interviewers and Clerks). DOL OFLC publishes one four-tier prevailing wage schedule for the entire classification; employers filing H-1B, E-3, or PERM petitions for this title use the levels below.
Frequently Asked Questions
How does DOL set the prevailing wage for Loan Interviewers and Clerks?
DOL derives prevailing wages from Occupational Employment and Wage Statistics surveys conducted by the Bureau of Labor Statistics. For SOC 43-4131, BLS collects salary data across employers in each metropolitan area and nonmetropolitan region. OFLC then converts these into four wage levels. Employers sponsoring a Loan Clerk or Closer on an H-1B or PERM petition must pay at least the level that matches the position's actual duties and experience requirements.
What do the four wage levels mean and how do I know which applies to me?
The four levels correspond to increasing degrees of experience, complexity, and independence. Level 1 covers entry-level work under close supervision; Level 2 reflects qualified mid-career performance; Level 3 applies to experienced professionals handling complex cases; Level 4 covers senior or lead roles with broad authority. The employer assigns the level based on the job duties described in the Labor Condition Application, not on your personal salary history. Reviewing the job description against DOL's published level criteria helps you identify where your role should fall.
Why does the prevailing wage for the same Loan Interviewers and Clerks role vary so much by city?
OFLC sets wages using regional OES survey data, so the floor reflects local labor market conditions rather than a single national rate. A Loan Analyst in San Jose works in a market with high employer density and strong demand, pushing the floor significantly above what applies in lower-cost metros. The LCA worksite rule requires the employer to use the wage for the city where you actually work, so a company's headquarters location is irrelevant if your desk is elsewhere.
What happens if my job offer is below the prevailing wage for a sponsored position?
An employer cannot certify an LCA with an offered wage below the prevailing wage for the applicable level and worksite. If the offer falls short, OFLC will not certify the LCA, and USCIS will not approve the H-1B petition without a certified LCA. For PERM green card cases, DOL will deny the application at audit. The employer must either raise the offered salary to meet the floor or reclassify the position at a lower level whose floor the salary does meet.
How do I find and verify the prevailing wage for a Loan Interviewers and Clerks role in a specific U.S. location?
The OFLC Wage Search tool lets you look up the current prevailing wage for SOC 43-4131 by metropolitan area or county, broken down by all four levels. Enter the worksite zip code or metro name alongside the SOC code to retrieve the applicable floor. You can also cross-reference O*NET for occupational context. Migrate Mate filters sponsored job listings by role and location, showing you which employers have historically filed for this occupation so you can compare offers against the relevant wage floor.
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